"The rich" are one of the few groups we're supposed to hate. Unfortunately, among the so-called rich we have vanishingly few people capable of launching a full-throated defense of themselves against ignorant criticisms. Most are pathetically apologetic, desperately hoping to be loved. Boo. Stand up for yourselves!

Professor Michael Rectenwald, the former Marxist who will deliver the Ludwig von Mises Memorial Lecture at the Mises Institute's Austrian Economics Research Conference this year, returns for a sneak preview of what he plans to say there about postmodernism, authoritarianism, and "social justice." We also discuss media gullibility, why corporations seem to be jumping on board the SJW bandwagon, and a lot more.

Both times I've surveyed my listeners, Michael Malice has been chosen as their favorite guest on the Tom Woods Show. Here I try to uncover what makes him tick. That takes us back to his birth in the Soviet Union, his move to the United States, his experiences in school, his exposure to Ayn Rand, the development of his ideas, and a lot more. Plus, I ask him the question he most likes to ask others.

When you read old -- and I mean old, like nineteenth century old -- American writers on money and banking, something jumps out at you: they understood things with a surprising clarity, and had a proto-Austrian conception of why the economy experienced boom-bust cycles. Suddenly it feels less lonely to believe that artificial credit creation leads to a boom that has to end in a bust. In this episode, therefore, I share some unknown American intellectual history.

Stephen Presser and I go from William Blackstone, whose Commentaries on the Laws of England played such a central role in influencing early American ideas about the law, all the way to the Marxist-inspired Critical Legal Studies movement, the feminist legal critique, and back again to the originalism movement.

How many times has this crisis been chalked up to "greed"? As if people hadn't been greedy three weeks earlier. It's time our amateur moralizers learned a little something, and that's the purpose of this episode. My thanks to the Acton Institute, where I delivered these remarks.

Cliff Maloney, president of Young Americans for Liberty (YAL) -- an organization I have enthusiastically supported for over ten years -- joins me to discuss their strategy for the campuses and society at large. YAL developed out of Students for Ron Paul, and are on the front lines of getting our message to young people who might otherwise never hear a dissenting voice.

Ben Lewis and I go back into conservative/libertarian history to discuss the work of Frank Meyer, who thought the conservative and libertarian positions were not so difficult to reconcile. Conservative stalwart Russell Kirk wasn't buying it, and the two feuded vigorously. Murray Rothbard, too, weighed in on the controversy.

Friends and foes of the market alike refer to capitalism as a system of "competition." Is that really its characteristic feature, and is that what distinguishes it from other systems? This is actually a misunderstanding, and one that probably turns plenty of people off to the market. What's the right way to think about and explain it? That's what Antony Sammeroff and I discuss in this episode.

In this episode I explore the history of the idea that society can more or less run itself, that there are certain observable regularities in our relationships with one another, particularly in commerce, that cannot be interfered with without negative consequences, and do not actually need to be interfered with in the first place.

Josh Blackman, a professor at South Texas College of Law, discusses the grounds on which U.S. District Court Judge Reed O'Connor found Obamacare unconstitutional. We discuss John Roberts' decision for the Supreme Court as well.

That's a provocative title, to be sure. Author William Cavanaugh, a professor at DePaul University, is not saying that what we recognize to be religious beliefs can never inspire violence. What he is saying -- and I won't spoil the episode by spelling out his thesis here -- forces us to rethink what we thought we knew about religion, secularism, and war.

We hear lots of calls for "affordable housing," and much less discussion about what might be making housing not so affordable. Ryan McMaken of the Mises Institute shows that -- surprise -- the government's fingerprints are all over this problem.

Looking over many Tom Woods Show episodes, I discovered a common theme: finding freedom in an unfree world. It's not true that we libertarians only complain. We build. So I talk secession from: the screwed-up American health care system, the monetary system, the education system, the traditional 9-to-5 job, and a lot more.

Historian Brion McClanahan joins me to discuss an article on secession, particularly on the nineteenth-century southern secession, that makes the rounds every once in a while in fashionable libertarian circles. Libertarians can't support secession across the board, the author says, because some seceding states intend great evil once seceded. He further says there's no right of secession of an American state anyway. Are these statements sound? That's what we discuss today.

In one of my Twitter exchanges, I came across a fellow who thought the vulnerable would be worse off under libertarianism, since they'd be less likely to have access to education, etc. Since a lot of people think this way, I thought I'd address issues like this in this episode.

Richard Cobden, the nineteenth-century pro-trade, noninterventionist member of Parliament, once said, "The progress of freedom depends more upon the maintenance of peace and the spread of commerce and the diffusion of education than upon the labor of Cabinets or Foreign Offices." I take this one sentence and riff on it, covering themes in modern European history, development economics, noninterventionist foreign policy, and more.

Today I talk to Ethan Blevins with the Pacific Legal Foundation, which does pro bono work for people wronged by the state. Crazy laws and regulations in left-wing Seattle keep these folks pretty busy, but they take on cases all over that part of the country. Nice to have an encouraging episode once in a while!

Some libertarians shrink from this kind of language, but I don't see how it can be doubted, especially now. In this episode I discuss not just the Covington high school students, but also the media's general pro-regime bias.

Alex Epstein of the Center for Industrial Progress joins me to discuss the Green New Deal proposal, which seeks a radical transformation of the American economy in the service of "green" energy targets.

Frequent guest Bob Murphy returns, this time talking about his new (co-authored) book, The Case for IBC. This is an acronym for "Infinite Banking Concept," a strategy that uses properly designed whole life insurance policies as a way to "become your own banker." The concept was developed by Nelson Nash, who besides working in insurance was personally tutored in Austrian theory by Leonard Read himself. Bob explains how the average person can benefit from IBC, and he answers common objections like "Isn't it better to buy term and invest the difference?" and "Why would I put my money in life insurance when the dollar is going to crash?"

A law professor recently included a thought experiment on a constitutional law exam: suppose Lincoln had survived the assassin's bullet, and later wound up facing articles of impeachment for some of his actions during the war. This is obviously a useful exercise, since many people feel an emotional connection to Lincoln and his cause, but this is precisely what law school is supposed to be about: can you suspend such thoughts and think entirely about the law? Well, guess how one critic characterized the exam. You already know the language used to condemn it. Brion McClanahan and I review the accusations against this professor, and the extremely valuable and thought-provoking questions on his exam.

Musician Tatiana Moroz has an audience a portion of which is new to libertarian ideas, so she asked me newbie-friendly questions: how I get non-libertarians to start thinking differently, who will build the roads, what about the police, the truth about the Federal Reserve -- fun questions like that.

Author and publisher Victor Koman joins me to discuss agorism, the anti-political, anti-state philosophy and strategy developed by Samuel E. Konkin III. Those chapters that exist of Konkin's would-be treatise, Counter-Economics, have just been released for people to read for the very first time. We discuss those chapters and the ideas found in them, and how what Konkin calls the "counter-economy" can challenge the state.

Professor Jeff Herbener just completed the first of two courses for my LibertyClassroom.com website on American economic history, an area where there are plenty of misconceptions and fallacies to refute. In this episode we talk about 19th-century monetary policy and bank panics, fiscal policy in an age of limited government, colonial inflation, and lots more.

A hundred years ago progressives thought it best that we be ruled by experts. Their vision culminated in the administrative state we have today, in which federal agencies make law, at times even clearly at odds with the actual wording and intent of Congress. Peter Wallison joins me to discuss the problem and the solution.

Tucker Carlson, who's been great on some issues, has been speaking out against what he considers the free-market fundamentalism (I wish!) of mainstream conservatism. He says we need to understand that there's more to life than GDP, etc. Since this line of argument makes me crazy, I devoted this episode to answering it.

Steve Clayton was a vice president at LabCorp, where many of us have gone to have blood work done, and took a chance: he left it all behind to go out on his own as an entrepreneur. The gamble paid off magnificently. Today we compare notes on what works and what doesn't, and the features your online business should have to maximize your likelihood of success.

Pat Flynn -- fitness expert, libertarian, and entrepreneur -- joins me to discuss one of the vanishingly small number of books in personal development that gives you specific action items to improve yourself, as opposed to a ceaseless stream of fortune-cookie maxims. Chances are, your efforts at self-improvement are misdirected; Pat is truly where it's at.

In this episode, I review some themes from my 2011 book Rollback, which makes the case against, well, pretty much everything -- the Fed, the military-industrial complex, the whole kit and kaboodle. I also discuss an interesting development in the James Damore case at Google.

She says it's about time people "pay their fair share," and that she needs the dough to fund her Green New Deal. Others are saying that since we had high top marginal rates in the past, it's no problem to have them now -- and maybe the economy would be even better! Well, no, no, and no.

The latest claim -- if you can believe it -- is that so-called dollar stores make the poor poorer. This isn't the first time the private sector has been condemned for expanding the choices available to the poor; I discuss three such cases in this maddening episode.

If you say Trump makes political mistakes, you get scolded: why, what do you know, Mr. Know-It-All? He managed to get elected against all the odds! He knows what he's doing! Now while that cautionary note is valid as far as it goes, the man is mortal, after all. And his mistakes are stupefying: truly unforced errors.

As the new year begins I devote this episode to (1) a review of the decisions by Jordan Peterson and Dave Rubin to leave Patreon and build an alternative, and (2) taking stock of the War on Terror, and why we can be cautiously optimistic.

In this final episode of the Tom Woods Show for 2018, I'm joined by Michael Maresco (the "Ron Paul rider"), Bryan Thome of the Ron Paul Forums, and Jordan Page, musician of the Revolution. We exchange old stories, talk about what went right and what went wrong, and assess where we are today. Tremendous fun.

Scott Horton joins me to discuss the reality of the withdrawal of U.S. troops from Syria, and the hysterical establishment response, from center-left to center-right. We also discuss fears about the fate of the Kurds, whose safety has been used to justify a continued U.S. presence.

The Weekly Standard, a neoconservative magazine with a 23-year run, is dead. Longtime neocon slayer Paul Gottfried joins me to discuss the magazine, its editorial line, and its demise -- and what, if anything, it all means.

Ron Paul says he can't think of a more prolific free-market economist in the wake of the 2008 financial crisis than my guest today, Bob Murphy. Today we follow Bob's personal and intellectual trajectory, from a high school student who knew he wanted to be an economics professor, to one of the most accomplished and widely praised economists working in the tradition of the Austrian School today.

For lots of people the stock market seems hopelessly complicated, and people who discuss it seem to employ a strange lingo outsiders can never master. So today we answered a bunch of questions submitted by my Supporting Listeners. Guests today: Gene Epstein, formerly of Barron's and now director of the Soho Forum, and Alex Merced, vice chair of the Libertarian Party and a ten-year veteran of Wall Street. Sponsor: Away. Guests' Websites: TheSohoForum.orgLearnEconomicsNow.comAlexMerced.com

Patreon is a platform that a lot of content creators use to raise money from appreciative fans who want to support them. But Patreon has joined the purge bandwagon, too. What alternative do people have? It turns out that cryptocurrency, and a brand new platform, are major pieces of that puzzle. Naomi Brockwell joins me to discuss.

Stephan Kinsella, the libertarian theorist and author of "Against Intellectual Property", asked me the other day about my college admission experience. He and I each have a child in the tenth grade, so the topic of college comes up in our households. I didn't think I had much interesting to say about it, but we decided he would in effect host this episode and ask me questions. The resulting conversation turned out to be great!

Jason Manning, a professor of sociology at West Virginia University, has accomplished a feat I could never have matched: he's co-authored a scholarly and dispassionate overview of what he calls "victimhood culture," particularly as manifested on college campuses. He traces the origins of the phenomenon and the hysteria, exaggeration, one-sidedness, and intolerance that accompanies it. And he takes the discipline of sociology itself -- at least as studied and promoted today -- for cheerleading for a point of view rather than offering dispassionate analysis.

The social media purge continues: Sargon of Akkad was just removed from Patreon despite not being an extremist by any definition. Today Michael Malice and I discuss the ongoing case of Gavin McInnes, who was just banned from YouTube after having been removed from other platforms. (His Proud Boys, critics claimed, was an extremist group.)

Feminist author Meghan Murphy, who had a large following on Twitter, was recently removed from that platform because of what appear to be fairly innocuous Tweets related to transgenderism, and even lost a book contract as well. The incident highlighted divisions among feminists regarding transgender issues.

David Stockman, who served as director of the Office of Management and Budget under Ronald Reagan, shares reflections and anecdotes about the late George H.W. Bush. We then discuss how the Fed, rather than trade deals, has been harming America. (And also: why I won our gentlemen's bet....)

Allen Mendenhall holds a Ph.D. in English from Auburn University as well as two law degrees (from Temple and West Virginia). He is an associate dean at Faulkner University's Thomas Goode Jones School of Law and executive director of the Blackstone & Burke Center for Law & Liberty.

This week David Stockman, director of the Office of Management and Budget under Ronald Reagan, made some comments about the problems with what he called Donald Trump's "statism," and with Federal Reserve policy. He was immediately barraged with criticism from Trump supporters who thought he was a "liberal" (as if liberals are concerned about statism or Fed policy). In this episode I discuss what it all means, particularly in light of what Scott Adams told us two episodes ago.

Jordan Page, musician of the Ron Paul Revolution, just released "The Ballad of Lavoy Finicum," about a man who was shot and killed by Oregon state troopers in 2016 (Jordan tells the story). We also take a few moments to discuss Jordan's appearance at the #WalkAway march in Washington.

Scott Adams, creator of Dilbert, joins me to discuss the Trump phenomenon and what people missed about it (and therefore why they didn't see his victory coming), plus democracy, persuasion, debating, Hillary Clinton, and plenty more.

James Tooley has both chronicled and contributed to the extraordinary phenomenon, unknown to almost everyone, of low-cost private schools in the developing world. He's now bringing this model to England itself, his home country, and he's already got people talking. Of course, the usual suspects are trying to throw obstacles in his way, because his low-cost model is obviously an embarrassment to them. A truly wonderful discussion.

A 9-year-old boy wrote me a letter not long ago, part of which asked me about politics, because he describes himself as "very interested in running for president someday." Jeff Deist and I discussed the kind of things children that age might want to think about when it comes to politics, without turning them into 9-year-old cynics.

In this episode my colleague Bob Murphy interviews me about everything from public speaking (and my tips) to my resentments (and how I overcame them), our religious differences, my major contribution to the historical profession (not a joke!), and a lot more. One of my all-time favorite episodes.

This episode is drawn from my appearance on the very first episode of the Bob Murphy Show.

In recent years researchers have discovered therapeutic uses for psilocybin mushrooms where the results have been extraordinary. Kevin Matthews of Decriminalize Denver joins me to discuss these findings, current law, and what the law should be.

Mance Rayder's second book is like a bazooka aimed at the leftism that is de rigueur in academia, entertainment, and culture. Using well-chosen memes, Mance demonstrates the double standards and inconsistency that characterize so many leftist arguments, and makes the case for the free society -- the missing option in our political discussion.

(Also in this episode, Mance finally drops the pseudonym and reveals his real name.)

You know you've really mastered a topic if you can explain it to a complete beginner and be understood. You've truly mastered it if you can convey the basic idea even to a child. And that's precisely what the Tuttle Twins book series accomplishes. The most recent volume in the series takes Murray Rothbard's classic essay "The Anatomy of the State" and presents its basic ideas to a young audience.

Ever since it became known that acting Attorney General Matthew Whitaker has spoken favorably about the right of the states to nullify unconstitutional federal laws, we've been treated to a barrage of the usual third-grade arguments from people we are supposed to consider our intellectual superiors. We'll have some fun with those in this episode.

Nullification -- and indeed anything involving the states -- is all about slavery, right? What a surprise: the propagandists are wrong again. In this episode, the Tenth Amendment Center's Michael Boldin joins me for some forgotten history: how northerners expressly used the language of nullification and state sovereignty to fight against slavery.

According to the survey we ran for the Freedom Feud game aboard the Contra Cruise, the #2 most popular guest on the Tom Woods Show is Scott Horton, the great foreign-policy expert. This time, though, we discuss his background, his evolution, how he became a libertarian and foreign-policy expert, and a lot more.

World War I was a catastrophe for Western civilization. One hundred years ago, on November 11th, it finally came to an end. Author and historian Hunt Tooley joins me for an assessment of the wars long-term consequences for all of us.

Were the midterm elections of repudiation of Trump, a mixed bag, or even an endorsement of Trump? What can we expect over the next two years, and what are the Democrats likely to do in 2020? Dan McCarthy, editor-at-large of The American Conservative and current editor of Modern Age, helps answer these questions.

John F. ("Jack") McManus, longtime president of the John Birch Society, joins me to discuss the Society's founding and history, its controversial positions, its clashes with William F. Buckley and official conservatism, and its present activities.

In today's episode I review some of the golden nuggets from the previous 600 or so episodes. Fascinating people and ideas you may have missed -- and even if you didn't miss them, it couldn't hurt to hear about them again.

Neoclassical economics insists that a separate class of goods, called "public goods," cannot, because of their peculiar characteristics, be efficiently provided by the market and must instead be financed and produced by the state. The Austrian School rejects this line of argument. Today Jakub Wisniewski, author of a new book on the subject, takes on public goods theory and addresses the two toughest cases: law and defense services on the market.

Paul Counts has been an entrepreneur since he began selling pencils at age 8. He's been making his living online for 19 years. He knows both the tech side and the marketing side inside and out -- a rare combination. (I've purchased a lot of his training programs myself.) Since I met Paul in Orlando last March, we've partnered up on several projects together. He's very successful online and (as I've discovered for myself) extremely knowledgeable, so I thought I'd give you good folks a chance to hear from him.

In this episode I delve into some myths and truths of U.S. monetary history, from the colonial period through the creation of the Federal Reserve. The second part is a treat: some audio footage, recorded on the Contra Cruise, of Bob, Tatiania Moroz, and I as contestants in the Crypto Quiz Show, hosted by Naomi Brockwell.

Lysander Spooner, the great 19th-century individualist anarchist, evidently wrote on banking and currency competition, but those works had been lost until now. Phil Magness, through some clever detective work, tracked them down and they're now available, published via the American Institute for Economic Research! (They also shed light on whether Spooner sympathized with socialism or left-libertarianism.)

Donald Trump has indicated his desire to overturn the practice of birthright citizenship, a position Ron Paul and Rand Paul alike have long held. Opponents claim the Fourteenth Amendment requires birthright citizenship. Does it?

Fresh off his Soho Forum debate victory (as measured by Oxford-style rules) against Jacobin magazine editor Bhaskar Sunkara, Gene Epstein joins me for a review of the event and the arguments that gave his opponent so much difficulty.

Why, the reason so many college professors have identical thoughts and hold the same political positions is that they are very smart and all these thoughts and positions are just the logical outcomes of sound thinking.

Or that's how left-liberals interpret the situation. I, on the other hand, offer a dissenting voice.

Here's where we libertarians are most often ridiculed -- why, the monetary system we favor is for cranks, they say, and what's more, it's already been tried! Uh huh. In this episode I make the case for money the state can't control.

Ten years after the financial crisis, the standard story still dominates: "deregulation" caused it. This is not even slightly true. It's urgent that we get this right, and not let the Fed's apologists (and the simply lazy) get away with this comic-book answer that encourages all the wrong kinds of policy responses.

The Facebook purges continue, with recent victims including the Free Thought Project (3.1 million likes), Police the Police (1.9 million likes), and V is for Voluntary (165,000 likes). I speak to the folks behind these three pages today.

Last week I spoke to a small gathering in Orlando of members of the Libertarian Party of Florida. Alex Merced, vice chair of the national party, spoke before me and introduced me. He spoke about his journey to libertarianism. I in turn asked what it is about libertarianism that it typically requires a journey to reach. If I told you my answer in the notes, that would take all the fun out of it. But I'll say that I'm pretty sure you will enjoy my conclusion.

Note the difference in reaction between telling someone you're going to college (congratulations and warm wishes) and telling someone you're taking a different path (skeptical line of questioning). T.K. Coleman joins me to smack down the typical line of questioning.

The great Eric Peters returns with further updates from the world of automobiles. You don't have to be a car aficionado to benefit from Eric's knowledge, and as always we have an entertaining and informative conversation!

Philosopher Jim Otteson and I discuss his book Actual Ethics (Cambridge University Press), which advances a vigorous moral defense of the classical liberal, or libertarian, political tradition. We also discuss the claims of Peter Singer, who claims it is morally obligatory on each of us to give substantial aid to peoples overseas.

A recent post on a libertarian Facebook page suggested that only blind ideologues would dispute that the war in Afghanistan has been a success. After all, local polling data finds satisfaction with the U.S. invasion and occupation, and conditions there have certainly improved. Scott Horton, author of Fool's Errand: Time to End the War in Afghanistan, joins me to assess these claims.

Neoconservative historian and Council on Foreign Relations fellow Max Boot recently called on Americans, Republicans in particular, to vote a straight Democrat ticket in November. He just released a book called The Corrosion of Conservatism: Why I Left the Right. He's been writing and tweeting his regrets about not perceiving his white privilege sooner. (That's not a joke.) Paul Gottfried joins me to discuss what it all means.

When it comes to sound money and fiat paper, we libertarians are nearly always dismissed as cranks. Why, don't we know that we need the government to be able to create whatever amount of money the experts think best? Don't we know this system has worked much more smoothly than the gold standard ever did? Don't we know our system will lead to "deflation"?

Walter Block is one of the world's most prolific libertarian scholars. But recently he's managed to outdo himself. He just reached a milestone that no other scholar anywhere can come close to matching, and it's why Walter is such a treasure to our movement. Listen and be inspired.

Three academics just made public a secret project they had been engaged in for a year: submitting absurd, nonsense articles to major, peer-reviewed journals in gender studies and similar fields -- and getting them published.

Whatever it is you're thinking was in those articles, I promise you it's much worse and more ridiculous.

In this juicy talk I do begin with some internecine libertarian wrangling, to be sure, but that's not my primary focus. I cover lots of ways in which we libertarians find ourselves at odds with the culture that surrounds us. The empire's reaction to the death of John McCain was profoundly revealing, for example. The culture of the universities these days is another point of contention. As I show in today's episode, though, when even one courageous person resists and then refuses to back down, millions rally to him.

Dave Smith, the popular comedian and host of the Part of the Problem podcast, joins me to try to get to the bottom of the situation with Supreme Court nominee Brett Kavanaugh, accused of sexual assault by Christine Blasey Ford.

Michael Huemer is a professor of philosophy at the University of Colorado at Boulder and the author of the outstanding libertarian book The Problem of Political Authority. Today he discusses his work in "ethical intuitionism," which holds that (1) there are objective moral truths; (2) we know these through an immediate, intellectual awareness, or 'intuition'; and (3) knowing them gives us reasons to act independent of our desires.

Joseph Stiglitz is something of a celebrity economist, yet he's been grotesquely wrong both economically and morally so often. His case tells us a lot about the American establishment if he is the kind of person they hold up for our admiration. Gene Epstein joins me for the gruesome details.